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KCFlyer said:
Obamcare passed with democratic majority. The republicans convinced America it was the worst thing ever...swept the house in 2010 and have done nothing in 6 years.
Here's the difference between Trumps tax plan and Reagans - Taxes were at 70% for the highest rate under Reagan. There was some room to cut...although even then, after the cuts we had this thing called a "deficit"...and in 2005 we learned that "Reagan proved that deficits don't matter"...unless a democrat is in office.
Let's say that Trump cuts corporate taxes what is pretty much the effective rate for corporations...yes, that rate is 35%, but thru the magic of creative accounting, many profitable companies pay nothing..witness GE. But that was some back room deal with Obama...wasn't it? So 15% sounds great, but many corporations are already paying less. But if we took his tax cuts - personal and corporate, and put them into place in 2017...what do you think the deficit will look like by 2018? Will we have to borrow to build up our military (as he has promised to do)? What will that do to the debt.
Even if the Laugher acolytes are correct and lowering taxes increases revenues (they haven't proven to be right though...but we can always assume)...when you cut taxes (revenues) that first year but still have obligations to pay....where will that money come from. The jobs aren't created overnight. Look at my state...top earners had their taxes cut to zero. Art Laugher himself said that these cuts would be "a shot of adrenaline to the heart" for the Kansas economy. That was 4 years ago. When questioned about why we haven't seen a ton of job creation here in Kansas his response was "these things take time". HOw much time are you willing to give the Trump tax cuts?
Obamacare did pass with a dem majority but you left out the little part where the rep's weren't allowed to help write it.
Why do you think Trump was speaking in a ten year time frame?
Corp's paying less....here? 15% rate and close tax loopholes is what he was saying.
Anybody who thinks Trump is going to turn it around immediately is a buffoon .
As to Laugher, I'm sure gov't regulation has hurt a lot of what he predicted.